Layer 1 • March 13, 2024 12:17 PM EDT Posted 1 minute ago In ~ Solana memecoin dogwifihat’s Shiba Inu mascot will grace Sin City’s skyline following successful community fundraising of $650,000. According to the fundraiser’s webpage, the request for donations has exceeded its fundraising goal, reaching $672,288.156 in USD coins (USDC) as of this writing. The famous Vinny sports dog will be appearing in full LED at the Las Vegas Sphere for a week. Dog We Fat WIF +25.00% It rebounded this week to hit an all-time high. The coin is trading at $2.39, up about 18% in the…
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Maker explained that it would reorganize DAI and MKR. DAI may not be able to compete with USDT despite plans to increase supply. If MakerDAO (MKR) co-founder Rune Christensen’s plan goes through, the project could upgrade its governance token and decentralized stablecoin DAI. AMBCrypto reviewed a note Christensen wrote to the Maker community on March 12. Most of it is centered around the endgame, which aims to expand the DAI supply to over 100 billion. For those unfamiliar, the current supply of DAI was 5.35 billion. The upgraded version doesn’t seem to be the solution. In May 2023, the Maker…
Bitcoin miners liquidate their holdings during a bull market and adjust profit balance, halving, and operating costs. Market resilience beyond February 2024 highlights the delicate balance between miners’ selling strategies and ETF investments. The cryptocurrency landscape is going through a fascinating phase as CryptoQuant’s CEO reports that Bitcoin miners are starting to liquidate their holdings. Despite this sell-off, the ongoing bull market is expected to maintain its pace. Optimism largely hinges on continued investment flows into Bitcoin ETFs. These funds play a pivotal role in driving the market forward, and a significant decline in inflows could pose a threat to…
XRP price showed new signs of life on Monday as the cryptocurrency surged more than 27% from its intraday low, breaking through numerous resistance levels and setting a new yearly high above $0.745. This price rise has not only captured the attention of investors, but also sparked discussion about the future of the asset, particularly the possible launch of exchange-traded funds (ETFs). Martin Hiesboeck, Head of Research at Uphold Exchange, was particularly vocal about ecosystem development. Looking back on the asset’s recent performance, Hiesboeck cited the regulatory clarity achieved over the past year, giving positive momentum to “increased development for…
Core Scientific announced a significant financial recovery in the fourth quarter of 2023, including a notable increase in its own mined Bitcoin and improved financial results. Core Scientific (NASDAQ: CORZ), a leader in Bitcoin mining and digital infrastructure, has released its financial results for the fourth quarter and full year of fiscal 2023. With impressive performance and strategic operational improvements in its mining sector, Core Scientific is a testament to the potential resilience of the cryptocurrency industry. Fourth Quarter and Fiscal Year 2023 Highlights Core Scientific’s fiscal 2023 financial results show that a company is emerging with enhanced strengths through…
Ethereum’s much-anticipated Dencun upgrade launched without a hitch Wednesday morning, significantly lowering transaction costs across the Ethereum layer 2 network and opening a new chapter for the blockchain that will significantly expand the capabilities of the blockchain ecosystem. The Dencun upgrade was successfully implemented just before 10:00 AM EST. It now takes about a month or two for settlement contracts across all Layer 2 networks to incorporate updates. Once that happens, gas fees on the layer 2 network should immediately drop by 75%, said Terence Tsao, an Ethereum layer 2 network developer. decisionBefore said decryption.Ethereum Foundation YouTube live streaming screenshotAhead…
BitGo, a prominent provider of Bitcoin wallet and custody solutions, has unveiled new enhancements to its platform by introducing Replace-By-Fee (RBF) integration, according to a press release sent to Bitcoin Magazine. This new feature is designed to speed up Bitcoin transaction processing, giving users greater flexibility and control over their transactions. RBF allows users to replace ongoing transactions with higher fees, incentivizing miners to immediately confirm them on-chain. Available across BitGo’s various wallets, including hot wallet, eligible custody, and self-custodial Bitcoin wallet options, RBF integration is another big milestone in BitGo’s ongoing effort to provide advanced features to its users.…
Posted 1 minute ago In ~ Ethereum ETH +0.10% Core developers implemented the Dencun upgrade on the mainnet, introducing “blobs” that are expected to make layer 2 transactions much cheaper.The upgrade, including EIP-4844, became active on the network at epoch 269568 (approximately 10:00 AM ET). The era has not yet been determined.Ethereum Layer 2 rollup will now use blob instead of “calldata” method for posting transactions. That means providing a direct path to fee savings and passing those savings on to end users.Blob is designed to enhance Ethereum by improving data availability without impacting current infrastructure and reduce transaction costs…
Binance will remove some trading pairs from its platform on March 15, 2024, citing low liquidity and trading volume as the main reasons. Binance, the world’s leading cryptocurrency exchange, announced the removal of a small number of spot trading pairs from its platform. This decision, which is scheduled to take effect at 03:00 UTC on March 15, 2024, is consistent with Binance’s commitment to maintaining a high-quality trading marketplace and protecting users. Trading pairs scheduled for delisting include ARPA/BNB, COMP/TUSD, EDU/BNB, EDU/TUSD, and PENDLE/TUSD. These pairs were identified through Binance’s regular review process that evaluates factors such as liquidity and…
Ethereum (ETH) has been showing solid performance recently, leaving investors both ecstatic and wary. The world’s second-largest cryptocurrency, with a market capitalization of nearly $480 billion, recently surpassed the coveted $4,000 mark for the first time since December 2021, sparking numerous bullish predictions. But is this a true resurgence, or are we just witnessing a temporary change before a potential correction? Let’s analyze the forces at play. Supporters of a continued upward trend point to a combination of positive factors. The approval of the long-awaited US-based Ethereum ETF is a hot topic, with speculation swirling that approval could trigger a…